Word: keeps
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Dates: during 1960-1969
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...chiefly responsible for the Market's state of disarray will not be at the huge oval table. Charles de Gaulle saw the EEC as little more than an expediter of French policies and was determined to keep it thoroughly subservient to the six governments that brought it into being. On two occasions De Gaulle vetoed British membership. During one seven-month period, he ordered his ministers to boycott all meetings of the Six to demonstrate his displeasure over what he considered supranational power plays by the EEC Commission. De Gaulle became a symbol of obstinacy, but he also provided...
...convey." Susskind suggests a reason for the carelessness: "It's as though Janáček figured his stuff wasn't going to be played anyway, so he might just as well write it the way he wanted to. But truth prevails. You can't keep a work of genius down forever...
...last week's close of 812, barely above the year's low. Trouble is much worse in the bond and mortgage markets, the nation's primary channels for funneling savings into the construction of schools, homes, factories, stores and hospitals. Some experts wonder whether, if investors keep expecting endless inflation, these fixed-interest bond and mortgage markets can survive in their present form...
...High? Simultaneously, inflation makes bonds or mortgages unattractive investments. If prices kept on rising during the 20 to 40 years that investors often must wait for full repayment of principal, investors eventually would get back dollars worth much less than those they originally lent. Meanwhile, interest rates would keep on climbing-to levels that might make even today's yields look piddling because lenders would demand even higher returns to keep ahead of prices. (Some mortgage lenders now grumble that they are "stuck" with loans made years ago at interest that seemed high then...
...worst labor trouble of the year: a strike by 15 shop unions against the major railroads. The indications last week were that a settlement would be reached in time to prevent the walkout. If the strike occurs, however, President Nixon will probably have to break his pledge to keep hands off union disputes and request special legislation to settle the walkout. Whatever the outcome, the U.S. has reason to be uneasy. Unions will have to negotiate new contracts for some 4,000,000 workers next year-in what seems certain to be a climate of business slowdown, profit pinch...